Word: hugeness
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...Creative capitalism isn't some big new economic theory. And it isn't a knock on capitalism itself. It is a way to answer a vital question: How can we most effectively spread the benefits of capitalism and the huge improvements in quality of life it can provide to people who have been left...
...number of innovative uses for cell phones are emerging. Already many Kenyans use them to store cash (via a kind of electronic money) and transfer funds. If you have to carry money over long distances - say, from the market back to your home - this kind of innovation makes a huge difference. You're less tempting to rob if you're not holding any cash...
...have been another - was less significant than the evident power and influence that developing nations now have on the international economic agenda. Seven years ago, before Iraq, the subprime meltdown and $140-a-barrel oil, the world economic order was easier to maneuver. But the intervening years have seen huge growth - and concomitant influence - outside the U.S., Japan and Western Europe...
...will be doing far better than the U.S. and most of Europe. The Indian multinationals that have grown out of the 10-year boom look as strong as ever, with outsourcing giants like Infosys and Tata Consulting Services growing very robustly. Their success has created a huge middle class for which 12% inflation is more of a nuisance than a worry. The long-term future of the Indian middle class is secure. The factors that have driven its success - a sure grasp of English, a facility with technology, a talent for innovation - will continue to be important in the global...
...life, they know now that they were wrong. With prices rising, their savings are being eaten away. Higher food and fuel prices are being driven by big changes in the global economy that look set to continue. Even the most cheerful optimist in the past decade has seen the huge divide between the haves and have-nots, but the hope has persisted that it would somehow go away. Inflation has set like cement into that divide, solidifying the gap between the two Indias. The future for the country is two futures: rosy and grim. Indian companies will buy more foreign...